Dollar reaction muted after downbeat FOMC minutes

LisaTwaronite

SAN FRANCISCO (MarketWatch) -- The dollar was little changed, losing just a few ticks on the yen and gaining slightly against the euro Wednesday after the minutes of the U.S. Federal Open Market Committee's meeting showed policymakers expect the economic slowdown to last as much as a year or longer. The dollar index
DXY, -0.22%
which measures the greenback against a basket of six major currencies, was at 87.305, compared with 87.312 shortly before the minutes were released. The dollar was buying 96.30 yen, compared to 96.43 yen ahead of the minutes, and the euro was at $1.2574, compared to $1.2592.

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